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Tuesday, 09 July 13
COAL PRICE REMAINS SLUGGISH - TRIMEGAH
COALspot.com - Newcastle coal price has reached US$ 76.30/ton (-15.9% YTD), bringing YTD’13 average to stand at US$ 87.90/ton, 6.80% lower than 2012 average of US$ 94.30/ton, Trimegah Securities said in a note on Tuesday.
According to Trimegah, slowing coal demand growth in China, insignificant demand improvement from the Europe, US dollar appreciation and weak coal demand in the U.S. which drives producers to flood global market with coal supply, had driven coal price to reach its lowest level since Nov’09.
Thus, we revise down our 2013 benchmark coal price assumption to USD80/ton (from USD95/ton), in 2014, we expect coal price to increase to US$ 85/ton as we expect global demand would slightly improve on expectation of natural gas price increase in the U.S. (from current level of US$ 3.62/mmbtu), resulting in increasing coal demand in the country.
Trimegah Securities also revised down the benchmark coal price for 2014 and 2015. Trimegah believes that, the coal price improvement would not be more than US$ 5/ mt per annum at least until 2015 due to low demand.
- 2013 US$/ton 80.00 from its previous forecast of US$ 95.00/ton
- 2014 US$/ton 85.00 from its previous forecast of US$ 100.00/ton
- 2015 US$/ton 90.00 from its previous forecast of US$ 105.00/ton
Trimegah Securities also slashed its target price on shares of an Indonesian coal miner on expectations of lower earnings and weak coal prices.
About Trimegah Securities
Established in May 1990, now Trimegah Securities is more than just one of the largest and fully integrated securities companies in Indonesia. It is admittedly one of the most trusted securities companies in Indonesia.
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Wednesday, 19 June 13
NEWCASTLE SHIPPED 16.05 PERCENT LESS COAL W/E 17 JUNE 2013
COALspot.com - Newcastle port in Australia has loaded 2,606,071 tons of coal for the week ended 0700 hours 17 June 2013, Newcastle Port Corp. ...
Sunday, 16 June 13
WEAK DEMAND KEEPS COAL PRICES LOW
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have lost 2.94 percent week on week but gained 0.06 percent ...
Saturday, 15 June 13
S7 AND S8 ROUTES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week freight movement was fairly firm with news of China is rebuilding iron ore stockpiles, and ease import rules. Cape and Pana ...
Saturday, 15 June 13
SHIPPING CONFIDENCE REACHES HIGHEST LEVEL FOR TWO AND A HALF YEARS - MOORE STEPHENS
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, accordin ...
Friday, 14 June 13
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 18.20 MILLION SHORT TONS W/E 8 JUNE 2013
COALspot.com – United states the world’s second largest coal producer produced totaled approximately 18.20 million short tons (mmst) of ...
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- Aditya Birla Group - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- The University of Queensland
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
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